SHA:600576 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,196	1,159	858.78	706.54	456.24	433.27
Other Revenue	16.55	13.28	11.61	15.72	7.32	7.25
Revenue	1,213	1,173	870.38	722.26	463.56	440.52
Revenue Growth	19.35%	34.71%	20.51%	55.81%	5.23%	89.69%
Cost of Revenue	595.51	556.62	447.88	347.65	264.35	227.17
Gross Profit	617.19	615.9	422.5	374.61	199.21	213.35
Selling, General & Admin	297.09	268.17	177.66	141.92	112.25	88.78
Research & Development	20.54	21.28	14.58	16.64	8.64	4.24
Other Operating Expenses	14.05	8.66	8.3	5.52	3.83	-2.53
Operating Expenses	341.63	307.85	202.44	190.15	170.7	98.22
Operating Income	275.56	308.05	220.07	184.46	28.51	115.12
Interest Expense	-56.98	-60.06	-30.22	-22.61	-26.25	-32.98
Interest & Investment Income	3.28	13.81	7.59	18.37	20.82	39.42
Currency Exchange Gain (Loss)	-0	0.04	-0.04	0.29	0.74	-0.23
Other Non Operating Income (Expenses)	-45.97	-44.66	0.06	-0.13	-0.25	-11.94
EBT Excluding Unusual Items	175.89	217.17	197.46	180.39	23.56	109.4
Impairment of Goodwill	-25.44	-25.42	-6.76	-5.46	-15.46	-36.35
Gain (Loss) on Sale of Investments	-1.23	0.01	-0.21	0.54	0.27	0.12
Gain (Loss) on Sale of Assets	1.15	0.91	-0.43	0.68	0.25	-0.04
Asset Writedown	-1.53	-1.53	-0.52	-0.64	-	-1.5
Legal Settlements	-	-	-	-	-	-17.19
Other Unusual Items	5.01	8.27	4.49	11.1	11.39	2.75
Pretax Income	153.86	199.42	194.04	186.61	20.01	57.17
Income Tax Expense	54.17	55	35.7	29.49	9.61	22.19
Earnings From Continuing Operations	99.69	144.42	158.34	157.12	10.4	34.98
Minority Interest in Earnings	-27.73	-30.89	-12.82	-5.82	9.25	-1.16
Net Income	71.96	113.53	145.52	151.3	19.64	33.82
Net Income to Common	71.96	113.53	145.52	151.3	19.64	33.82
Net Income Growth	-58.67%	-21.98%	-3.82%	670.19%	-41.91%	78.46%
Shares Outstanding (Basic)	1,063	1,032	1,039	1,081	982	1,127
Shares Outstanding (Diluted)	1,063	1,032	1,039	1,081	982	1,127
Shares Change	-2.90%	-0.71%	-3.82%	10.03%	-12.87%	78.46%
EPS (Basic)	0.07	0.11	0.14	0.14	0.02	0.03
EPS (Diluted)	0.07	0.11	0.14	0.14	0.02	0.03
EPS Growth	-57.44%	-21.43%	0%	600.00%	-33.33%	0%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	22.71	134.72	-198.74	194.38	-55.35	904.94
Free Cash Flow Per Share	0.02	0.13	-0.19	0.18	-0.06	0.80
Gross Margin	50.89%	52.53%	48.54%	51.87%	42.97%	48.43%
Operating Margin	22.72%	26.27%	25.28%	25.54%	6.15%	26.13%
Profit Margin	5.93%	9.68%	16.72%	20.95%	4.24%	7.68%
Free Cash Flow Margin	1.87%	11.49%	-22.83%	26.91%	-11.94%	205.43%
EBITDA	419.17	443.62	334.65	266.26	88.82	166.1
EBITDA Margin	34.56%	37.84%	38.45%	36.86%	19.16%	37.71%
D&A For EBITDA	143.6	135.58	114.58	81.8	60.31	50.98
EBIT	275.56	308.05	220.07	184.46	28.51	115.12
EBIT Margin	22.72%	26.27%	25.28%	25.54%	6.15%	26.13%
Effective Tax Rate	35.21%	27.58%	18.40%	15.80%	48.05%	38.82%
Revenue as Reported	1,213	1,173	870.38	722.26	463.56	440.52